Major economic announcements

by Malcolm Pryor on 25/10/2012

Traders who take intra day trades need to be aware of the timing of economic announcements and events. Some like to stand aside when for instance non farm payrolls are due (first Friday of the month, 1.30pm UK time). Others change stop size to reflect the increased volatility. Others look to trade the announcements. Whatever the approach, it pays to know what is coming up, and for me the site to use is Forex Factory, the Calendar page. It is a free resource, and once you have set up a user name and password you can save your settings, which include your local time, the countries you are interested in (you put in the currency), and how much data you want. The economic announcements and events are colour coded, I have my settings to exclude all but the top two levels of importance, orange and red.